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cnbc.com
Meet SK Hynix, the trillion-dollar South Korean chipmaker debuting on U.S. markets
Following a more than sevenfold rally in its stock price over the past year, South Korea's SK Hynix is listing on the Nasdaq.
cnbc.com
June home sales disappoint as prices reach an all-time high
Home sales dropped in June month over month as mortgage rates remain stubbornly high. Prices hit an all-time high.
theguardian.com
Costco accused in lawsuit of selling protein powder ‘tainted’ with toxic heavy metals
Seven consumers sue the retailer, alleging it violated consumer protection and false advertising lawsA group of consumers have filed a proposed class action lawsuit against Costco Wholesale Corporation, accusing the retailer of selling protein powder “tainted” with toxic heavy metals with no warning to consumers.The lawsuit, filed Tuesday in federal court in Washington state, names seven consumers as plaintiffs. They allege that Costco violated consumer protection and false advertising laws by selling and marketing Orgain Organic Protein Powder as “high quality, clean, and nutritious without disclosing the presence or risk of heavy metals, including lead, cadmium, and arsenic”. Continue reading...
theguardian.com
Crude oil prices rise again while UK stock market falls, dragged down by AstraZeneca – business live
Government bond yields dip but remain elevated, with the 10-year gilt yield close to 5%Volkswagen’s proposal to slash up to 100,000 jobs and close factories faces a major test on Thursday as they are formally put to its supervisory board, with protests planned at all plants in Germany.IG Metall, the influential staff union, has organised demonstrations involving shop stewards and union council members at 18 sites at Europe’s biggest carmaker, including its headquarters. It told the chief executive, Oliver Blume, that he cannot “pass the buck for failures of recent years on to the workforce”. Continue reading...
theguardian.com
Licensed to drill? How a Trump-linked Texas oil company is elbowing its way into Greenland
Greenland Energy says billions of barrels of crude lie beneath territory and claims it has exploration permits – a claim flatly denied by NuukOn 10 June, a snowy-haired American in his 60s addressed the residents of a remote Greenland hamlet. He was there to tell them about a business venture supported by figures linked to Donald Trump. “So,” Robert Price said via an interpreter, “we have a project to drill for oil here.”The Texas oil company that Price represents, Greenland Energy, hopes to prove that billions of barrels of crude lie underground by bringing in 300 shipping containers of drilling kit. Continue reading...
cnbc.com
AstraZeneca stock drops 9% after heart drug trial miss deals rare blow to pharma powerhouse
A late-stage clinical trial failed to miss its primary endpoint, U.K.'s laregst drugmaker said Thursday.
theguardian.com
Five pressing questions for Reform UK about its finances
Questions swirl about origins of gifts, loans and donations as even party supporters wonder if it can weather the stormUK politics live – latest updatesWhy is Farage quitting as an MP, only to stand again?Scrutiny is mounting on Reform UK’s finances.On Tuesday, amid an investigation by parliamentary standards into an undisclosed £5m gift, Nigel Farage announced he would resign and trigger a byelection in his constituency of Clacton-on-Sea. Continue reading...
theguardian.com
Andy Burnham urged to scrap income tax and NI in radical fiscal overhaul
Economists including Jim O’Neill write open letter calling for single levy to replace six key taxes to raise money for public servicesUK politics live – latest updatesProminent economists including Jim O’Neill, an ally of Andy Burnham, are urging the MP for Makerfield to pursue radical tax and spending reform to “unlock the gridlock that plagues the country” when he is confirmed as prime minister.O’Neill joins Jonathan Portes, an economics professor at King’s College London, and Danny Sriskandarajah, the chief executive of the New Economics Foundation, in calling for bold action in an open letter. Continue reading...
theguardian.com
Germany set to make rental e-scooter operators liable for accidents
Measures aim to make it easier for victims to gain compensation, with firms such as Bolt and Lime held responsible for damageVictims hit by rental e-scooters on German streets will have an easier time gaining compensation from their operators under legislation due to be passed in parliament that would put the vehicles on a legal footing similar to that of cars.The draft law by the right-left coalition government, which has been welcomed by consumer rights advocates, says that given the rapid rise in the use of e-scooters in recent years coupled with high accident rates, rental operators such as Lime and Bolt should be held liable. Continue reading...
theguardian.com
Experimental bathtub: the remote lake island trying wave power to boost energy security
Researchers on Beaver Island, in Lake Michigan, are trying to find a more reliable form of power using local resourcesBeaver Island sits in the middle of the northernmost end of Lake Michigan, about 70 miles from the maritime border with Canada. The forested island, just a little bigger than San Francisco in size, is a popular summer destination for tourists and home to about 600 permanent residents. Getting there requires a boat or plane ride.Getting electricity to the island is not as easy. Power comes from mainland Michigan through cables that cross roughly 30 miles of lake bed. Outages are common during extreme weather, or when there are problems with the sensitive wires. The devastating ice storm that walloped the state last year knocked out power to the island for weeks. Continue reading...
theguardian.com
MPs urge Labour to ditch £330m Palantir software contract with NHS
Cross-party group backs call from science and technology committee to look at alternative options, citing ‘serious mistrust’A second parliamentary committee has urged Labour to scrap Palantir’s £330m contract with the NHS, increasing pressure on the next prime minister over government deals with the US tech company.MPs on the health and social care select committee want the NHS to cut ties with Palantir and find a replacement for its system, which is supposed to unify and analyse huge amounts of often highly sensitive NHS health data. Continue reading...
theguardian.com
LGBTQ+ cruise ship refused entry to Egypt days after Turkey turned it away
Scarlet Lady’s 2,000 passengers told of change as one of those onboard says they will ‘sparkle and spend elsewhere’An LGBTQ+ cruise ship blocked from Turkish waters this week has been refused entry into Egypt.The Scarlet Lady’s 2,000 passengers, including the Broadway performer Patti LuPone, woke on Thursday morning to find a note placed under their cabin doors informing them that the ship was urgently looking for alternative ports. Continue reading...
cnbc.com
Ukraine’s drone playbook is wreaking havoc in Russia — and upending where NATO wants to invest
Ukraine’s deep drone strikes on Russian refineries are reshaping the war and pushing NATO toward a $40 billion counter-drone plan.
cnbc.com
Trump says Iran called to make a deal after U.S. strikes; adds it's unclear if war is back on
When asked whether the U.S. and Iran are returning to a full-scale military conflict, Trump responded: "I don't know."
theguardian.com
Invest in Britain or I’ll force you to, minister tells pension funds
Business secretary Peter Kyle says asset managers should feel a patriotic duty to make the UK a successBusiness live – latest updatesThe business secretary, Peter Kyle, has told UK pension funds to “get off their high horses” and invest in Britain or be forced to do so by law.Expressing frustration at the level of investment in British companies after years of government initiatives, Kyle said the UK’s biggest asset managers “should feel a patriotic duty in making Britain a success”. Continue reading...
cnbc.com
Oil prices ease after spiking following fresh U.S. strikes against Iran
Oil prices turned lower on Thursday after the U.S. carried out fresh strikes on Iran, renewing concerns about supply disruptions in the Middle East.
cnbc.com
Levi Strauss beats quarterly expectations, raises guidance and dividend
Levi Strauss beat quarterly expectations on the top and bottom lines during its fiscal 2026 second quarter.
bbc.co.uk
Welfare cuts: What's been happening with Pip and universal credit?
The government commissioned a review into Pip last year after it was forced to water down planned cuts to benefits.
theguardian.com
EU’s ‘unpleasant and dangerous’ border checks need overhaul, says Greek airports boss
Airports have had to use gazebos to shield passengers from sun as they wait to be processed, says Alexander ZinellThe boss of 14 Greek airports has called for a serious overhaul of the EU’s new border checks after having to erect gazebos for passengers queuing outside.Alexander Zinell, the chief executive of Fraport Greece, joined a growing chorus of critics calling out “fundamental flaws” in the entry-exit system (EES), which requires non-EU passengers to have their fingerprints and photo taken at the start of their trip and verified every time they leave or re-enter the Schengen zone. Continue reading...
bbc.co.uk
Jackdaw boss warns of winter fuel shortage risk if gas field not approved
Adura says the UK government must approve North Sea production urgently to avoid domestic supply shortages.
cnbc.com
From 'dear Donald' to 'Trump trillion': Inside NATO chief Mark Rutte's U.S. strategy
NATO chief Mark Rutte lavished praise on U.S. President Donald Trump during a fractious summit in Turkey this week.
bbc.co.uk
How can I get air conditioning in my home and how much does it cost?
As summers in the UK get hotter, is it time for air conditioning to become a permanent feature in most homes?
theguardian.com
VW faces protests in Germany over proposed job cuts and factory closures
Demonstrations at 18 sites set up as radical transformation plan put to board of Europe’s biggest carmakerVolkswagen’s proposal to slash up to 100,000 jobs and close factories faces a major test on Thursday as they are formally put to its supervisory board, with protests planned at all plants in Germany.IG Metall, the influential staff union, has organised demonstrations involving shop stewards and union council members at 18 sites at Europe’s biggest carmaker, including its headquarters. It told the chief executive, Oliver Blume, that he cannot “pass the buck for failures of recent years on to the workforce”. Continue reading...
cnbc.com
Trump says he doesn't want anything to do with Spain: 'Cut off all trade'
U.S. President Donald Trump slammed Spain for not contributing enough to NATO, as he attended the defense alliance summit in Turkey.
cnbc.com
Why the world’s best-performing stock market this year fell into bear territory
The Kospi fell more than 5% on Wednesday, which brought it 20% below its June 19 record high, according to LSEG data.
theguardian.com
PlayStation says it will stop making physical games – and that should worry us all
Sony’s announcement spells the end of a whole ecosystem built by superfan collectors – and signals a troubling shift in the industryDon’t get Pushing Buttons delivered to your inbox? Sign up hereSony’s decision last week to quietly announce the end of physical games production for the PlayStation in 2028 is one of the most perfect PR disasters in recent gaming history – and considering what has been happening with Xbox, that’s saying something.First, there was the timing. Sony posted the news of its decision on the PlayStation blog, less than a week after admitting that it would be deleting 550 movies from the digital libraries of PlayStation owners due to the end of a licensing deal – thereby perfectly illustrating the dangers of purchasing digital products. (Surprise! You never actually owned them!) The move is in stark contrast with the company’s stance on this very issue back in 2013. When Microsoft was attempting to push Xbox One as a digital-first console with strict controls on the sharing and reselling of its games, Sony brilliantly mocked its rival with a short video on how easy it was to lend physical games to pals on the PS4. Oh dear. Continue reading...
cnbc.com
AirPods-maker Luxshare sees shares close lower in tepid Hong Kong debut
The company, which is already listed in Shenzhen, had priced shares in the IPO at 63.28 Hong Kong dollars apiece, raising HK$24.27 billion ($3.09 billion).
theguardian.com
Great Britain’s grid operator issues fresh warning over power supplies in heatwave
Neso asks for extra supplies from electricity generators to cope with added demand on Thursday nightGreat Britain’s energy system operator has warned that “extreme temperatures” could hit power supplies on Thursday night, as the UK entered its third heatwave of the year.The National Energy System Operator (Neso) issued a notice overnight asking for extra supplies from power generators to cope with the added demand from households turning on fans and air conditioners to cope with the high temperatures. Continue reading...
theguardian.com
Britain’s dysfunctional dynamic: the public wants change, but those in power always tell them it’s not possible | Andy Beckett
Whenever major reform is proposed the media, big business and Westminster quickly conclude it’s too expensive and disruptive. This doesn’t bode well for Andy BurnhamIn an old, often anxious and conservative country, the perception of risk is a potent political weapon. If a policy or a project for reforming the UK seems too risky, or can be made to seem so by its opponents, then it can usually be quickly killed off. It can be added to the pile of possible futures that never occurred.In politics as in life, riskiness is sometimes real. To see that Brexit or Britain’s involvement in the 2003 invasion of Iraq might not end well did not require huge foresight. Yet often the perception of risk is politically constructed: a reflection of powerful forces, their self-interest, and what they do or don’t want to happen.Andy Beckett is a Guardian columnist Continue reading...
theguardian.com
Frump well and truly dumped: M&S to celebrate 100 years at London fashion week
Reputation for frumpiness is over as M&S wins over younger audience with shows at Silverstone, Ibiza and now LFWThis autumn’s London fashion week boasts plenty of familiar labels, from Burberry to Alexander McQueen, ready to show off their wares. But on Wednesday there was an unexpected addition: Marks & Spencer is joining the luxury lineup.The British high-street retailer will celebrate its 100th anniversary in the fashion industry by staging a catwalk show in September highlighting its latest women’s and menswear collections. Continue reading...
cnbc.com
CNBC Daily Open: Trump tells CNBC 'I've been right about everything'
A NATO Summit for the history books concludes, with the collapse of the ceasefire with Iran stealing headlines and surprising markets.
theguardian.com
A brilliant and bonkers day out: how art and spectacle transformed a former Durham mining town
Bishop Auckland is abuzz with culture and family fun, thanks to the vision of Auckland Palace’s owners – and the new Kynren show featuring birds of prey, Viking raids and mythical beasts, which opens next weekBooming Hans Zimmer-style cinematic music reaches a crescendo, shaking my bones. Two turquoise macaws swoop within an inch of my hair and join a sky filled with nearly 250 birds. Hawks, kites, pelicans, and an owl soar and swoop around a pagan-looking wooden circle. Peacocks fuss at the makeshift river below, coaxed by two actors telling the story of humans’ relationship with nature. Grey clouds roll in, dark with rain. After all, we are risking an open-air performance in north-east England. I’m at a preview of Kynren: the Storied Lands, the latest gloriously unrestrained project in the market town of Bishop Auckland, 12 miles south of Durham.I grew up near Bishop Auckland, which was once an important coal-mining and railway town. Last time I was here, its centre was dominated by discount stores. If, in 2003, you’d told teenage me that the high street would become an ode to art, history and culture, I would have laughed. Well, I would have grunted and turned up the Nu metal on my MP3 player. Continue reading...
bbc.co.uk
Life of Sizewell B extended by another 20 years
The power plant was due to reach the end of its life in 2035 but will now continue until 2055.
cnbc.com
Crypto still 'off the table' for Singapore's Temasek, four years after FTX flop
Temasek's investment in the now-bankrupt FTX cryptocurrency exchange led to a writedown of $275 million in 2022, drawing much local criticism.
theguardian.com
‘I’m left with a year of nothing’: UK gap year students lose thousands of pounds as tour operator closes
GVI shuts down without refunds for students booked on volunteer programmes with overseas conservation projectsUK students who paid thousands of pounds for summer and gap year placements on overseas conservation projects have lost everything after their eco tour operator shut down.GVI, which offered volunteer and internship placements on wildlife and marine projects across the world, was continuing to advertise trips until it went into liquidation and removed its website on 1 July. Continue reading...
theguardian.com
‘It makes your heart sing’: can a pioneering project show that rewilding really works?
Intensive farming has all but destroyed England’s ancient woodlands and freshwater wetlands. On a farm in Lincolnshire a radical aristocrat hopes to show there’s money in protecting nature• The summer issue of the Long Read magazine is out now. Click here to orderIn the silent countryside south of Grantham, three vast steel barns rattled in the breeze. Gathered in a loose circle beside them were 15 landowners, land agents and a couple of young investors; all expensively dressed men, many with a sceptical mien. It was June 2022, and Sir Charles Raymond Burrell, 10th Baronet, was explaining how the purchase of 1,525 bleak acres (617 hectares) of prairie fields of wheat and beans could revolutionise farming and nature conservation, not just in South Lincolnshire but across Britain and beyond.Burrell, known by everyone as Charlie, led the group on a walk from the barns beside the unlovable modern farmhouse, a red-brick behemoth with small windows like piggy eyes. We began by crossing a field of broad beans. Less than a century ago, it had been a patchwork of 10 fields. As we walked over the hard, cracked ground, we encountered not a single insect. Later, by a verge, a couple of butterflies flew. As for humans, we didn’t meet a single other person in our two-and-a-half-hour stroll across a range of footpaths and field edges. “This is a ruined landscape,” said one of the guests, the architectural historian Matthew Rice. “Not because of the soils. Because there are no people here. I’m sorry there are not enough stoats but I’d like there to be some children here, too.” Continue reading...
cnbc.com
Trump loses appeals court bid to delay paying E. Jean Carroll $5M in damages
Trump was held civilly liable in two trials for defaming E. Jean Carroll when he denied her claim he sexually abused her in a New York department store.
cnbc.com
China consumer price growth weakens in June while producer inflation rises to near 4-year high
Investors increasingly view China's two-speed growth with robust export and tepid domestic demand as a defining long-term feature of the Chinese economy.
cnbc.com
Platner quits Maine Senate race; Democrats set to pick new nominee
Maine Democrats must now replace Platner with less than four months until the midterm elections.
cnbc.com
World Cup drives Google Search to record queries per second
The milestone comes amid Lionel Messi and Argentina's popularity.
cnbc.com
Inside India newsletter: India's $50 billion worth of IPOs at risk as Trump ends Iran ceasefire
After a slow start this year, IPOs worth $50 billion were ready to hit Indian markets. These plans are at risk after the U.S. ended the ceasefire with Iran.
bbc.co.uk
Wealthy AI workers send San Francisco house prices soaring
The median cost of a home in the city is now $1.7m, a record high, according to the latest figures.
bbc.co.uk
I run the UK's biggest bank, here are five ways to manage your money
The CEO of Lloyds Bank talks about how to save, budget, avoid scams and manage money in a relationship.
bbc.co.uk
Why electric cars cost more to insure - and what's being done about it
The insurance cost of electric vehicles is still putting off many would-be buyers. So what can be done about it?
theguardian.com
Pet prescriptions could be capped at £21 under proposed vet sector reforms
Ministers also considering licence requirement and regulator to try to cut bills and increase choice UK vets may have to have a licence and cap prescriptions for pet medicine at £21 under plans being considered by the government.Ministers are also considering establishing a regulator for the veterinary sector, including inspections, a mandatory licensing system and published compliance reports to improve accountability and choice. Every vet practice could need an official operating licence – similar to GP surgeries and care homes – under proposals in a white paper. Continue reading...
theguardian.com
All lobbying should be publicly declared in transparency laws shake-up, watchdog says
Ethics and integrity commission chief says overhaul is crucial to help restore trust in standardsAll lobbying of government ministers, aides and senior officials should be publicly declared – from WhatsApp chats to party conference meetings – in a fundamental shake-up of transparency laws, the government’s ethics watchdog has said.A review led by Doug Chalmers, the head of the ethics and integrity commission, has called for a new register to highlight who is lobbying, which policies they are seeking to influence and who in government they are meeting. Continue reading...
cnbc.com
Trump's European allies add distance on Iran following testy NATO summit
President Donald Trump spent two days in Ankara, Turkey with other NATO member leaders.
cnbc.com
Trump announces long-shot bid to get Supreme Court to rehear birthright citizenship case
Trump already asked the Supreme Court to reconsider denying him an appeal of a verdict holding him liable for sexually abusing and defaming E. Jean Carroll.
cnbc.com
Michael Burry bets on sportsbooks DraftKings and Flutter, sees prediction markets curbed by regulation
The investor believes regulators will eventually crack down on prediction markets after competition from the upstarts pressured the stocks of sportsbooks.
theguardian.com
Sizewell B nuclear power plant granted a 20-year life extension
Extension comes as government encourages first nuclear power projects in a generation to meet UK’s growing need for electricityBritain’s most recently completed nuclear power plant will continue generating electricity until 2055 after the government granted the power plant a 20-year life extension.Sizewell B in Suffolk was due to shut down within the next decade, but under a deal with the government its lifetime will be extended to 60 years to help meet the UK’s growing demand for low-carbon electricity. Continue reading...
cnbc.com
SpaceX stock closes below debut price at $148 in two-day slide after Nasdaq-100 inclusion
SpaceX's record IPO raised a total of $85.7 billion after underwriters exercised the "greenshoe" overallotment.
cnbc.com
Apple commits $30 billion to Broadcom for U.S. chipmaking push
Apple is expanding its Broadcom partnership in a $30 billion-plus chipmaking agreement, its largest American manufacturing commitment to date.
bbc.co.uk
Online marketplaces still selling dozens of unsafe baby products, Which? finds
Pillows, sleeping bags and feeders subject to safety notices were found on sites including Amazon and TikTok.
cnbc.com
Trump downplays Iran's nuclear threat as ceasefire collapses
The president was asked about the ceasefire after an escalation of fighting in the Middle East.
theguardian.com
Datacentres are a ticking timebomb. We must make sure AI’s benefits outweigh the costs | Nicki Hutley
They suck up energy and water, and blast out heat. Just who is better off from all this investment – aside from tech bros?The two great existential threats of our time – the climate crisis and AI – come hurtling together in the explosion of datacentres across Australia and around the world.You can hardly avoid hearing about them these days, either with awed reverence of the promised benefits to humankind or with fear and anger given the implications for the climate, inflation, jobs and even housing affordability. Continue reading...
theguardian.com
Farage told me he would quit politics after Brexit. Now, mired in scandal, he should do it and mean it | Simon Jenkins
His byelection stunt shows he is clearly rattled by a perilous position. Wildcards rarely endure: his future is behind himBritain’s politics was never so weird. First, the people of Makerfield choose who should be the new prime minister. Now the people of Clacton are to confirm the man who is currently his most popular challenger. Nigel Farage’s Reform UK is still running ahead of all other parties, and he is ahead of all other current leaders. It would be foolish to underestimate him.Farage is a cut above the normal populist upstart. His image as the amiable duffer in the golf club bar was once that of a traditional Tory backbencher. He took to Brexit not as an economic theoretician but as a flag-waving nationalist. He exploited race as a populist issue, coded as immigration, but had little interest in any wider political programme. Brexit to him was simply a mid-career adventure.Simon Jenkins is a Guardian columnist Continue reading...
bbc.co.uk
How to find lost bank accounts
How to find lost bank accounts
bbc.co.uk
Severn Trent avoids fine for wastewater failures
The water firm took "genuine accountability" after breaching wastewater obligations, Ofwat says.
bbc.co.uk
Jackdaw owner says gas field will 'not materially influence' climate change
The new assessment was required by the industry regulator, after it found several areas had not been adequately addressed in a previous submission.
bbc.co.uk
Outcry as Meta lets users make AI images from public Instagram profile pics
The tech giant said people can opt out - but privacy campaigners called it a "recipe for disaster".
bbc.co.uk
Virgin Media fined after hanging up on customers trying to cancel contracts
Millions of phone calls from customers were "likely mishandled" over nearly a three-year period, the regulator says.
cnbc.com
Trump pours cold water on NATO allies' united front
Trump criticized NATO allies over defense spending, attacked Spain and renewed his Greenland push during the alliance’s summit in Turkey.
bbc.co.uk
The places where it's cheaper to holiday this summer
Family deals to many non-European destinations are cheaper this summer than last, as travel nerves have slowed bookings.
bbc.co.uk
From mouthwash to hair dye: How weight-loss jabs are changing shopping habits
The BBC looks at how spending habits have shifted as users report feeling less hungry.
theguardian.com
The rapid rise of housefishing: are AI-enhanced property listings helpful – or sinister?
From repainted walls to imaginary lawns, estate agents say modified photos help buyers ‘visualise the potential of a property’. But how much AI enhancement is too much? Agents, viewers and trading standards experts tell allIt is twilight on a desirable street in Chiswick, or it could be Hampstead, Wilmslow or Hove. A spectacular sunset has left a vivid stripe of orange fading into a violet sky. Against this saturated backdrop, a large Victorian house is clearly outlined despite the darkening atmosphere, perhaps thanks to the lights blazing from every single room. The effect is dazzling, in an unhinged, halfway-through-an-exorcism way. It is also quite obviously fake: a digital trick previously achieved with software such as Photoshop, but increasingly using quicker, cheaper AI programs.If you are one of the many Britons for whom browsing expensive property listings is a big pastime, you’ll be familiar with the dusk shot, one of the many ways estate agents try to make their wares stand out in the endless scroll of Rightmove, Zoopla and Instagram. It is a level of artifice that most of us are prepared to overlook. We understand we are being sold a dream and we are generally happy to be transported to a world untroubled by the energy crisis, nosy neighbours or natural shadow. Continue reading...
cnbc.com
Singapore's Temasek boosts China exposure by $7.7 billion, biggest rise in five years, in AI-driven pivot
Temasek is repositioning its China portfolio toward AI-related hardware and infrastructure, robotics, biotech, energy transition.
bbc.co.uk
'You have to say no': Families struggling with holiday food costs
Susan Lilley, a single mother of two, said the weekly shop has become one of her biggest financial worries.
theguardian.com
The great carbon capture con: behold the wasted billions Burnham could claw back | George Monbiot
There are far better ways to tackle climate breakdown, but successive governments have chosen to listen to the fossil fuel companies insteadThe new prime minister will be looking for money? Well, here’s £21.7bn lying on the ground. The government could cancel its deranged, disastrous carbon capture and storage (CCS) programme at no cost to public welfare: in fact, it would greatly reduce the harm we will suffer.Sorry, did I say £21.7bn? That’s the figure the government has been putting in its press releases for spending on this programme between now and 2050. But this covers only the first phase of the project. The climate experts Dr Andrew Boswell and Simon Oldridge worked through the data produced by the government’s Climate Change Committee, which was scattered across different spreadsheets, and discovered that the projected cost of the full CCS programme between now and 2050 is £264bn.George Monbiot is a Guardian columnist Continue reading...
bbc.co.uk
Trains and emergency calls affected after major outage at Australia's largest telecoms company
Servers at data centres in Sydney and Melbourne were to blame but the exact cause remains unknown.
cnbc.com
Samsung-backed AI chip firm Rebellions targets IPO in South Korea next year, CEO tells CNBC
Sunghyun Park, CEO of Rebellions, told CNBC that the company is leaning toward a listing on the KOSPI over the KOSDAQ.
cnbc.com
This former Apple executive is betting on Shenzhen, not Silicon Valley, to create the 'next Apple'
Startups building consumer electronics will have a better shot at becoming the next Apple in Shenzhen than in Silicon Valley, said Will Wang, CEO of China's smart-glasses startup.
theguardian.com
UK housebuilders have far too much power. Now a £4.5bn lawsuit could change that for good | Peter Apps
A legal case on behalf of some 700,000 people against the country’s biggest housebuilders could be a catalyst for much-needed industry reformEvery new government – at least for the past decade or so – has come into office with a promise to build more homes. New ministers don a hard hat, take a trip out to a recently completed development and smile indulgently as a bright young couple get given the keys to a smart-looking new-build. Then follows a speech about aspiration.The unspoken truth will be that it is not up to the minister how many new homes are built in his or her term. Instead, this decision is mostly made in the boardrooms of the largest developers, who together control the land and resources to dominate the market in this country.Peter Apps is the author of Show Me the Bodies: How We Let Grenfell HappenDo you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
bbc.co.uk
Australia dock workers call for 28-hour week in AI talks
A union says workers are "in the crosshairs" of automation as AI is being tested across ports.
theguardian.com
Aliens, chimps and a pregnant man: iconic British adverts – in pictures
They may have been unethical, potentially dangerous and somewhat sexist … but each of these classic adverts, from the PG Tips chimps to the Tango slapper, caught the public’s imaginationBaldy Man, Gold Blend flirters and mash-mad Martians: TV’s golden age ads Continue reading...
bbc.co.uk
Airbnb data identifies illegal social home sublets
Nearly 6,000 social homes are thought to be illegally listed on short-term rental platforms.
cnbc.com
Lawmakers probe growing use of Chinese AI models in U.S. companies
An ongoing House Committee investigation is probing the risks involved in the rise of AI built in China.
theguardian.com
‘More public control’: what will Burnham do about water and energy?
In the fifth of a series on nationalisation, we look at utilities – including the cost of ending private ownershipWill Burnham ‘go big’ in expanding the role of the state?Atlee: the postwar blueprint that inspires BurnhamHow council housebuilding is central to Burnham’s visionHow Burnham aims to shake up UK transportWhen the former Undertones frontman turned campaigner Feargal Sharkey backed Keir Starmer for prime minister in 2024, he hoped that the Labour leader would be the man to clean up Britain’s polluted rivers and bring the water industry into public ownership – starting with troubled Thames Water.Two years later, Sharkey has been disappointed. Now he is hoping that Andy Burnham will begin the job when he is confirmed as prime minister. Continue reading...
cnbc.com
China's rare missile test will push wary Asia-Pacific countries to close ranks, analysts say
China's rare launch of a ballistic missile launch into the Pacific will push regional powers to deepen their defense ties.
theguardian.com
Datacentres are booming – and there goes the neighbourhood | Jess Harwood
Be careful what you wish forSee more of Jess Harwood’s cartoons here Continue reading...
bbc.co.uk
Hundreds of jobs at risk as John Lewis plans to cut some services
No final decision has been made but the job cuts will happen in the autumn if the redundancy plans are approved.
bbc.co.uk
Victims of 23andMe data breach to get $47m payout, judge rules
23andMe compiles genetic profiles of people through DNA testing kits, but it was heavily criticised after a 2023 hack.
theguardian.com
EasyJet’s board has surrendered too easily to US bidder | Nils Pratley
The company’s target to hit £1bn profitability is intact. Why isn’t the board putting up a proper fight?Some foreign takeover swoops on UK listed companies are easier to swallow than others. Sometimes it is hard to mount an argument that shareholders should stick to the virtuous path of independence and say no to an offer of hard cash at a fat premium. The current £10bn bid for Intertek, the FTSE 100 product testing and quality inspection firm that had been going sideways for a while, probably falls into that category. The bid premium on that one was about 60%.EasyJet, on other hand, looks to be a case of a board giving up before it has put up a proper fight. The story so far at the budget airline is that three non-starter offers from Castlelake, a US private investment firm that is big in aircraft financing and leasing, were rejected in the standard manner as “fundamental” undervaluations. The last of those was at 625p. A fourth, at 650p a share, was dismissed in the softer language of “substantial”. Then “an agreement in principle” was reached at the weekend at 690p, or £5.5bn. Castlelake has until 3 August to put up or shut up. Continue reading...
bbc.co.uk
One million more UK homeowners set to face higher mortgages
Homeowners face paying £45 a month more on average when they move onto a new deal over the next two years.
bbc.co.uk
Online gamblers betting more than £1,000 to face new checks
Punters who bet more than £1,000 online in a 24-hour window will have to undergo an assessment, the regulator says.
theguardian.com
Curry, bagels … and AI? Londoners fight plan for huge datacentre in Brick Lane
Residents and council say creating affordable housing is more urgent than ‘high-frequency trading’ in nearby CityCampaigners in east London are opposing plans for a datacentre in Brick Lane that they say will worsen the area’s housing crisis and drive long-term residents away.The road, famed for its curry houses and 24-hour bagel shops, is the latest flashpoint in the rapid rollout of datacentres across the UK that aims to meet demand created by artificial intelligence. Continue reading...
theguardian.com
What will define Elon Musk’s legacy? Doge cuts to USAID Ebola programs
Experts say cuts have hindered the response to DRC’s Ebola outbreak and resulted in ‘significant numbers’ of deathsElon Musk has an Ebola problem. SpaceX stock dropped precipitously after its initial public offering, and Tesla faces a wave of lawsuits. But instead of focusing on his companies, Musk has posted frequently on X about the US Agency for International Development (USAID), which he helped dismantle – or, in his words, feed into the woodchipper – last year.“Elon’s USAID crash-out over the past week has been a thing to behold,” said Jeremy Konyndyk, a former top USAID official who oversaw the agency’s Ebola response in 2014-2015 and the president of Refugees International. “In a way, it’s helpful that Elon is doing this, because it’s putting attention back on the issue of what he did last year.” Continue reading...
bbc.co.uk
E-bike injury payouts top £110m and push up insurance premiums
It is only seven years since the first claim over an injury from a micromobility vehicle was made.
bbc.co.uk
People Fixing The World
The people turning life experience into business ideas with funding and other support
bbc.co.uk
Samsung profits jump 1,800% as AI chip sales soar
The firm's shares fell sharply on Tuesday as some investors had expected an even stronger performance.
theguardian.com
UK house prices rise for first time since start of Iran war
Typical property cost £299,330 in June, 0.2% more than the month before, says LloydsBusiness live – latest updatesHouse prices across the UK have risen for the first time since before the onset of the Iran war, leaving property values narrowly below those at the start of the year, according to a survey.The typical property cost £299,330 in June, a 0.2% increase on the month before. This came after a monthly drop of 0.2% in May, according to the latest Lloyds house price index, previously known as the Halifax HPI. The annual growth rate edged higher to 0.6% from 0.5%. Continue reading...
theguardian.com
Sun stoppers: seven ways to keep your home cool this summer
You can keep temperatures down without the cost – or environmental price – of air conditioning. Here’s some tips and tricksThe best fans to keep you cool in 2026 – tried and testedIn the UK we are used to worrying about our homes being warm enough, but after struggling to cope with high temperatures in May and June the race is on to cool them down before the next heatwave hits.And while it might be tempting to swap your desktop fan for a portable air conditioner, there are lots of low-cost, more sustainable ways to stop rooms overheating. Continue reading...
theguardian.com
Fuel on the fire: why oil companies are profiting as the world gets dangerously hot
The scientific consensus is that burning fossil fuels drives the climate crisis, yet the world’s biggest oil companies are planning to increase productionAs the world swelters in ever more dangerous heat, why are oil companies being allowed to turn up the gas instead of paying for the consequences of their greed?That ought to be the question on everyone’s minds amid baking heat domes over much of the northern hemisphere, temperature records being smashed day after day, children dying in locked cars, hospitals filling with heatstroke victims and emergency services tackling wildfires. Continue reading...
theguardian.com
Student loan promotion in England and Wales amounted to mis-selling, MPs say
Treasury select committee also says ministers have moral obligation to reverse last year’s repayment threshold freezeSlideshows that compared student loan repayments with the cost of a mobile phone contract, and YouTube videos that did not mention the fact that loan terms could change amounted to mis-selling by the government, MPs have said.The chancellor, Rachel Reeves, caused a furore last year when she announced that the repayment threshold on plan 2 student loans would be frozen at £29,385 for three years from April 2027. Continue reading...
bbc.co.uk
Robots available for rent: But what can they do?
Robotics tech is changing fast, so for many it makes sense to rent a robot.
bbc.co.uk
Amazon bars breastfeeding boss from business course
Rachael Bews says she told on the way her child would not be allowed on site. Amazon has apologised for not communicating its policy clearly.
bbc.co.uk
'I wear it on my middle finger': The rise of the defiant divorce ring
Around the world women are marking their split with new - or repurposed engagement - rings.
bbc.co.uk
Banks accused of pushing customers away from basic accounts
Some of the UK's biggest banks have been failing their most vulnerable customers, according to the financial regulator.
bbc.co.uk
Phone contract comparisons 'amounted to mis-selling' student loans, MPs say
A new report says students were not well-enough informed that their loan terms could change retrospectively.
bbc.co.uk
Can China repeat its EV success with robotaxis?
China's self-driving car firms have been given a headstart by the country's EV supply chain as they expand globally.
theguardian.com
The shadowy movement behind ‘Trump accounts’ – Stateside with Kai and Carter
On the Fourth of July, the Trump administration's new savings accounts for children went live. These ‘Trump accounts’, created as part of the One Big Beautiful Bill Act, are ostensibly supposed to help families pay for college and other expenses. But Guardian columnist Moira Donegan says these accounts are really the work of the pronatalist movement, which wants women to have as many babies as possible – and is backed by powerful rightwingers such as JD Vance and Elon Musk. Moira speaks with Carter Sherman about the strange bedfellows who make up the movement, including its ties to the racist conspiracy theory known as the ‘great replacement'How do ‘Trump accounts’ work – and who will benefit? Continue reading...
theguardian.com
Who is George Cottrell, the mystery donor who has potentially landed Nigel Farage in hot water?
Nigel Farage, leader of Reform UK, has said he is the victim of an “establishment hit job”.The statement comes after The Sunday Times revealed Farage received financial support in 2024 from George Cottrell aka “Posh George”, an aristocrat who has been convicted of fraud in the US. The money was used to finance social media staff, and personal security.It comes after The Guardian revealed earlier this year that Farage had failed to declare a £5m gift from the crypto billionaire Christopher Harborne just before he announced his intention to stand for parliament.The Parliamentary Standards Commissioner is currently investigating whether Farage broke the rules over that gift.Nigel Farage has always said this money was for personal use and denied he has broken any rules.Nigel Farage cries ‘witch-hunt’ – but this may be Reform’s Partygate momentFraudster George Cottrell seen at numerous Reform events despite ‘no formal role’ in party Continue reading...
bbc.co.uk
Shoppers hit by hidden fees
Shoppers hit by hidden fees
theguardian.com
John Lewis dishwasher leak forced buyers into hotels for eight months
My elderly parents’ home was left uninhabitable, and they are owed £3,300 for repairs they had to fund themselvesMy elderly parents spent much of last year dealing with what should have been a straightforward insurance claim after a dishwasher installation by John Lewis caused a leak. Instead, it became a year-long ordeal, marked by repeated failures and an almost total absence of accountability. Continue reading...
bbc.co.uk
Consumer Fight Back
Linzi checks in on 89-year-old Margaret's battle to get her landline reconnected.
bbc.co.uk
AI is 'not smart' so what's next in artificial intelligence?
Leading AI researcher Yan LeCun has a start-up which is developing a more flexible AI system.
bbc.co.uk
Why is crucial tech vulnerable to the heat?
Energy grids and train services are among the vital services that are vulnerable to very hot weather.
bbc.co.uk
Why Gen Z are planning for life without a state pension
Many younger people do not believe the state pension will exist when they are older
bbc.co.uk
The legal fight to get equal pay for Germany's disabled workers
A test case is seeking the minimum wage for 300,000 disabled people who currently get paid less.
bbc.co.uk
Do you know your 'sweat score'? The rise of hydration tech
Hydration tracking gadgets are flooding the market but is it too much information?
bbc.co.uk
Is Germany looking again at coal-powered electricity?
It had planned to abandon the fuel, but the higher cost of natural gas may make it think again.
bbc.co.uk
The artificial ice pyramids saving India's mountain villages
Himalayan villages are creating artificial glaciers to guarantee water for their crops in the spring.
bbc.co.uk
'We had to get out of the way': The backlash over delivery robots
As the delivery vehicles increasing take to US streets, bans and protest groups are springing up.
bbc.co.uk
What is Helium-3 and could we get it from the moon?
Helium-3 is expensive and demand is forecast to soar, so some are planning to mine it on the moon.
bbc.co.uk
Why I sold my business to my staff
As more US company owners reach retirement age many are selling up to their employees.
bbc.co.uk
India's 'blue gold' starts a new drinks industry
Agave plants grow wild in India and new distillers are using them to create a spirits industry.
bbc.co.uk
The furious dispute over what caused Air India flight 171 to crash
The final conclusions of the investigation have yet to be published, although more could become apparent in the coming days.
bbc.co.uk
New candy stores are popping up across NYC. Why?
While US consumer confidence is at an historic low the Big Apple's sweet shops are expanding.
bbc.co.uk
Could humanoid robots be heading for the battlefield?
Armed forces are experimenting with humanoid robots, but battlefield deployment is some way off.
bbc.co.uk
How the High Street became a window on our political instability
High Streets have declined in recent years. What does this tell us about the UK?
bbc.co.uk
The £5 coffee that tells a story of global economic turmoil
Coffees at some city centre outlets now cost £5. It's a story of tariffs, the climate, Gen Z cultural tastes, and savvy coffee farmers playing the market, writes Faisal Islam
bbc.co.uk
The threat to summer holidays looming from jet fuel shortages
What impact might shortages have on our summer holidays - and what could be done about it?
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